Leasehold Building Insurance

mwilde

I have lived in my current (semi) house since August 2005. In that time the leasehold was sold to another company (Compton group). I pay £10 every 6 month.

Today I have had a letter saying that apparently my lease has a lessee convenants that relates to insurance. They are saying I have to do my building insurance with Liverpool Victoria Insurance (LV=).

Can they demand this? I don't want to be dictated to who I chose to insure my home with.

I use the comparison sites to get the best deal. They once asked me to buy the leasehold but wanted £800. Its only £20 a year so I assumed why bother buying it.

weejonnie

I would ask for full details to find out. Why wasn't this brought to your attention when you moved in.

Nothing wrong with LV= of course - good solid insurance company. However in the Insurance press there have been articles recently about some management companies substantially overcharging for insurance in this sort of circumstance.

rs65

mwilde wrote: »

Today I have had a letter saying that apparently my lease has a lessee convenants that relates to insurance. They are saying I have to do my building insurance with Liverpool Victoria Insurance (LV=).

Does your lease say that? Does it say they will arrange it?